This is not working as the stock of housing they own is generally in bad condition and requires repair beyond the ability of the individual owner to fund.The Obama administration is stating two things:1) The government should not own individual properties that have been repossessed through foreclosure.2) They want to enact a program that encourages investors (as opposed to owner occupants HUD currently favors) to acquire these properties who can afford to rehabilitate them and then rent them or sell them.As an investor interested in acquiring a portfolio of rental properties, I'm curious to double-click into the details of the program and understand what exactly is being proposed.

They’ll also know the other paperwork required such as the 1003, TIL, credit reports, occupancy agreements, and an unbelievable host of others.Second, you might use as many standard Fannie Mae docs as possible to make a legal review easy.

The listing agent may have you work through another agent in their office in a back-scratching arrangement between them, that is fine and still puts you in a better position than coming in cold with your own agent.Talk to the listing agent during the owner/occupant period, and submit your offer just before the property enters the investor period, going in with a 'strong' offer as you're already planning.Understand and monitor DOM and interval of time from the last price drop.

Check occupancy and rental rate trends in your area.

You may also be able to claim real estate professional status, if real estate is your primary occupation.

If the cleaner can't make it, my family can do it.Our occupancy is still low overall, but we are just getting started, and so far I haven't used sites like VRBO yet.

Are there restrictions as to when the "owner occupant" can sell it?

Additionally, Fannie Mae favors owner occupants. 97% or more owner occupants are purchasing with FHA Loans, which requires the dwelling to be in particular shape.

Easiest access to sellers is MLS listings, so you're competing with a lot of entry level buyers now, and even owner occupant buyers.

IMO, for owner-occupant buyers, this is the time to make offers on short sales and wait them out.